Gyrodyne, LLC (NASDAQ:GYRO) Short Interest Update

Gyrodyne, LLC (NASDAQ:GYRO) saw a large decrease in short interest in November. As of November 15th, there was short interest totalling 5,800 shares, a decrease of 13.4% from the October 31st total of 6,700 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 2,500 shares, the days-to-cover ratio is currently 2.3 days.

Insiders Place Their Bets

In other news, major shareholder Towerview Llc sold 6,654 shares of the firm’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of $11.42, for a total value of $75,988.68. Following the sale, the insider now directly owns 341,346 shares in the company, valued at approximately $3,898,171.32. This trade represents a 1.91 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 12.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Gyrodyne

An institutional investor recently raised its position in Gyrodyne stock. Round Hill Asset Management lifted its holdings in shares of Gyrodyne, LLC (NASDAQ:GYRO) by 17.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,715 shares of the real estate investment trust’s stock after acquiring an additional 2,924 shares during the period. Round Hill Asset Management owned 0.90% of Gyrodyne worth $153,000 at the end of the most recent reporting period. Institutional investors own 71.36% of the company’s stock.

Gyrodyne Price Performance

Gyrodyne stock remained flat at $9.92 during midday trading on Tuesday. The company’s stock had a trading volume of 86 shares, compared to its average volume of 1,326. The stock’s fifty day moving average is $9.44 and its 200-day moving average is $8.49. Gyrodyne has a one year low of $7.65 and a one year high of $11.96. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.78 and a quick ratio of 1.78.

Gyrodyne Company Profile

Gyrodyne, LLC owns and manages a diversified portfolio of real estate properties comprising office, industrial and service-oriented properties in the New York metropolitan area. Gyrodyne owns a 63 acre site approximately 50 miles east of New York City on the north shore of Long Island, which includes industrial and office buildings and undeveloped property which is the subject of plans to seek value-enhancing entitlements.